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Thungela Resources Limited reported a headline loss per share of $0.38 for 2025, down from earnings of $1.50 in 2024, amid a 17% revenue decline to $1.73 billion. The sharp drop in export prices and significant impairments of $514 million highlight challenges.
Equity Group Holdings Plc reported a significant 52% rise in full-year pre-tax profit to $711 million, driven by a 16.6% increase in net interest income and reduced loan-loss provisions.
Africa’s telecom giant MTN roared back! Swung to a massive 47.4 billion rand ($2.81B) profit before tax erasing last year’s loss, thanks to powerhouse gains in Nigeria & Ghana
The development comes a few weeks after the mid-sized bank slipped out of the ₦1trn market-capitalisation club.
This marks an increase of 192% from the same period in 2024, driven primarily by a narrower loss in its Ethiopian operations and sustained growth in mobile money and data services.
BUA Cement’s after-tax profit surged by 640.8% year-on-year in Q3 2025 — the highest growth among the top three cement makers. Dangote Cement followed with 149.8%, while Lafarge Africa posted 144.1%.
The conglomerate completed the acquisition of a 100% equity stake in C.H.I. Limited on October 3, 2025, making the beverage and dairy firm a wholly owned subsidiary.
According to data from the Nigerian Exchange Limited (NGX), Stanbic IBTC — the most expensive banking stock on the bourse — gained from ₦109 ($0.07) on Friday to ₦115 ($0.08) on Monday, maintaining that price through Tuesday’s close.
GTCO’s challenges mirror broader macroeconomic trends across Africa, where high inflation, rising interest rates, and currency volatility have eroded bank margins and dampened consumer spending.
From Nigeria to Kenya, sweeping tax reforms are rewriting the rules for business and investment in Africa. Join us Sept 30 for the big picture.
The telco gaint, which operates across 16 African markets and serves over 298 million customers, said Nigeria’s revenue rose by 54.1% to $1.54bn on a constant currency basis, while Ghana advanced 39.9% to $1.13bn.
Two days after acquiring CHI Limited, UAC of Nigeria’s share price has surged, making it the 36th most valuable company on the NGX—despite a profit dip in H1 2025.
MTN Nigeria Communications has emerged as the second listed company to hit the ₦10 trillion market capitalisation as its share price rose by 2% on Friday.
Mr Bigg’s and Debonairs reported a seventh straight half-year loss in H1 2025 as competition stiffened amid a cost-of-living crisis that has crimped consumer spending.
The telco giant’s performance, its highest half-year profit in at least eight years, comes just a day after it became the most valuable company on the Nigerian stock market, with its market value crossing the ₦9 trillion mark and surpassing Airtel Africa.
MTN Nigeria Communications Plc on Tuesday became the most valuable company on the Nigerian stock market, after its market capitalisation crossed the ₦9 trillion mark for the first time, overtaking Airtel Africa.
Airtel Africa, Nigeria’s second-largest telecom operator, recorded a 22.4% year-on-year revenue increase to $1.42 billion for the quarter ended June 30, 2025, up from $1.16 billion in the same period last year.
The signing comes a day after Kenyans returned to the streets to commemorate victims of last year’s nationwide protests, which were sparked by the highly controversial tax reforms proposed in the Finance Act 2024.
Q1 2025 marks a turnaround for Nigeria’s corporate giants, with many returning to profit as FX losses ease and business strategies adapt to a tougher economy.
